The probability of the Fed staying put in March is 91.5%
There's a 91.5% probability that the Fed will keep interest rates unchanged in the range of 5.25% to 5.50% in March, with a 8.5% chance of a 25 basis point rate cut. The probability of maintaining rates unchanged until May is 51.6%, with a cumulative probability of a 25 basis point rate cut at 44.7%, and a cumulative probability of a 50 basis point rate cut at 3.7%.
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Tesla will launch its steering wheel-free and pedal-free autonomous driving model, the Cybercab, in Austin on September 3 local time. Previous reports indicate that the Cybercab has already completed road tests and employee ride-alongs, with plans to first open to employees before making it available to the public. Currently, the Austin Robotaxi fleet mainly consists of 186 modified Model Y vehicles, and Cybercab will gradually be added to the fleet; however, mass production within the year will be limited and commercialization approval is still pending.